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Cathay Financial Holding Co (TPE:2882) Cyclically Adjusted Price-to-FCF : 78.85 (As of Dec. 11, 2024)


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What is Cathay Financial Holding Co Cyclically Adjusted Price-to-FCF?

As of today (2024-12-11), Cathay Financial Holding Co's current share price is NT$68.60. Cathay Financial Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was NT$0.87. Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF for today is 78.85.

The historical rank and industry rank for Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TPE:2882' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.94   Med: 11.74   Max: 80.23
Current: 78.76

During the past years, Cathay Financial Holding Co's highest Cyclically Adjusted Price-to-FCF was 80.23. The lowest was 3.94. And the median was 11.74.

TPE:2882's Cyclically Adjusted Price-to-FCF is ranked worse than
96.12% of 309 companies
in the Insurance industry
Industry Median: 12.64 vs TPE:2882: 78.76

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Cathay Financial Holding Co's adjusted free cash flow per share data for the three months ended in Sep. 2024 was NT$5.157. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is NT$0.87 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cathay Financial Holding Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cathay Financial Holding Co Cyclically Adjusted Price-to-FCF Chart

Cathay Financial Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.78 5.76 12.01 12.44 20.21

Cathay Financial Holding Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.73 20.21 37.60 38.22 76.24

Competitive Comparison of Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF

For the Insurance - Life subindustry, Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF falls into.



Cathay Financial Holding Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=68.60/0.87
=78.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cathay Financial Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Cathay Financial Holding Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=5.157/133.0289*133.0289
=5.157

Current CPI (Sep. 2024) = 133.0289.

Cathay Financial Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -5.616 99.070 -7.541
201503 -4.266 99.621 -5.697
201506 -1.220 100.684 -1.612
201509 -3.949 100.392 -5.233
201512 -6.970 99.792 -9.291
201603 6.772 100.470 8.967
201606 -5.956 101.688 -7.792
201609 8.249 101.861 10.773
201612 -11.998 101.863 -15.669
201703 1.504 102.862 1.945
201706 14.270 103.349 18.368
201709 -3.140 104.136 -4.011
201712 -3.639 104.011 -4.654
201803 3.573 105.290 4.514
201806 -0.191 106.317 -0.239
201809 -2.995 106.507 -3.741
201812 -7.422 105.998 -9.315
201903 6.340 107.251 7.864
201906 7.155 108.070 8.807
201909 -2.844 108.329 -3.492
201912 1.350 108.420 1.656
202003 -1.280 108.902 -1.564
202006 8.969 108.767 10.970
202009 5.638 109.815 6.830
202012 1.123 109.897 1.359
202103 -5.241 111.754 -6.239
202106 10.384 114.631 12.051
202109 -3.445 115.734 -3.960
202112 2.299 117.630 2.600
202203 -8.356 121.301 -9.164
202206 -4.276 125.017 -4.550
202209 11.344 125.227 12.051
202212 0.026 125.222 0.028
202303 5.655 127.348 5.907
202306 3.703 128.729 3.827
202309 -7.630 129.860 -7.816
202312 -6.732 129.419 -6.920
202403 -1.335 131.776 -1.348
202406 4.878 132.554 4.895
202409 5.157 133.029 5.157

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Cathay Financial Holding Co  (TPE:2882) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cathay Financial Holding Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Cathay Financial Holding Co Business Description

Traded in Other Exchanges
Address
No. 296, Section 4, Jen Ai Road, Da\'an District, Taipei, TWN, 106
Cathay Financial Holding Co Ltd is a financial holding company that primarily serves the Taiwan market. The company offers a broad range of life insurance, banking and property and casualty insurance products to individual and corporate customers in Taiwan. The Group has five operating segments Banking operating segment, Life insurance operating segments, Property insurance operating segment, Securities operating segment, and Other operating segment. The company generates the majority of its revenue from the Life Insurance Division, which is engaged in interest-sensitive sales of traditional insurance, investment-linked insurance, and annuity insurance and providing financial planning services and policy loan services.

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